Market Development
- Recovery after sharp decline: The DAX has recovered by 2,300 points from a low of about 18,500 points on Monday, indicating a strong recovery movement.
- Technical counter-movement: The DAX is expected today to see a technical counter-movement, potentially exceeding the 200-day line at 19,958 points and the psychologically important mark of 20,000 points.
- Uncertainty and volatility: The stock market continues to show high volatility and uncertainty, leading to sharp price fluctuations.
Trading Levels
- Resistance levels: Important resistances are at 20,800, 21,642, and chart technical levels such as 22,230 (Upper Bollinger Band) as well as specific trading levels of 22,800, 22,600 and 21,100.
- Support levels: Supports are at 19,650, 19,347 and 19,145 as well as further down at 18,900 and 18,500.
- Psychological levels: The 20,000 mark is psychologically significant and could serve as an important test for the recovery.
Forecast and Trends
- Short-term recovery: It is expected that the DAX could continue to recover in the short term, especially if it rises above 20,200 points. Targets could be at 20,800 and above.
- Medium-term uncertainty: Despite the short-term recovery, the medium-term trend remains negative, and uncertainty remains high.
- Long-term perspective: The Elliott wave analysis shows that the DAX is in an impulsive phase, but it is characterized by uncertainties and price fluctuations.
Recommendations for Private Investors
- Risk management: Due to the high volatility and uncertainty, active risk management is important. Stop-loss orders can help limit losses.
- Monitoring levels: Private investors should keep an eye on the important trading levels and watch for signs of a trend reversal.
- Long-term strategy: Long-term investors should focus on the 200-day line and other important technical indicators to better understand the market direction.